AKKA Technologies : The worst-case scenario appears to be materialising…
>Q2 2020 sales shy of expectations, down 31% org. y-o-y - AKKA yesterday evening reported Q2 2020 sales of € 352m, down by 21% y-o-y in reported data, 5% below the consensus (€ 371m) and 3% below our expectations (ODDO BHF: € 362m). Organic growth was -31% lower than our forecasts (ODDO BHF: -30% organic), reflecting a sharp deterioration relative to Q1 2020 (-9% organic). Germany posted the poorest performance, with organic growth of -42% (vs -15% org. in Q1 2020), f...Akka Technologies is an engineering and technology consultancy company. Co. bases its service around two areas which enable it to cover the full life cycle of a product: information and systems technology and engineering. Co.'s activities can be divided into six areas: Mechanical Engineering, Process Engineering, Document Engineering, Industrial Information Technology and Embedded Systems, Information Systems and Consulting. Co. operates mainly in France, Belgium and Germany. Co also operates in Italy, Romania, Switzerland, Spain, England and Canada.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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